Question

The Law of Large Numbers states that as an experiment is repeated, the relative frequency of an event tends toward the real probability.
a. if the probability of a specific observed event is very small, it is unlikely that the assumption about the probability is correct.
b. the probability of obtaining a favorable outcome increases as the number of trials increases.
c. the sampling distribution of the sample mean will be approximately normally distributed as long as the sample size is sufficiently large.
d. the probability that an event will occur is derived from one's increasing knowledge of relevant circumstances.

Answer 1

Answer:

the probability of obtaining a favorable outcome increases as the number of trials increases

Step-by-step explanation:

The law of large numbers occupies an important place in probability statistics especially as it regards the outcome of experiments.

A simple statement of this law is that; when an experiment is independently repeated a large number of times, the average result, that is obtained is close to the expected value.

Hence, the probability of obtaining a favorable outcome increases as the number of trials increases.